Vector Inc.'s office building burns down on October 31, 2017. Vector, a calendar-year taxpayer, finally settles with the insurance company on February 3, 2018. In order to defer the gain realized on the building, Vector must acquire another office building by February 3, 2020.
Answer the following statement true (T) or false (F)
False
The deadline for replacement is the end of the second tax year after the year in which the gain is realized. The deadline will be December 31, 2020.
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What will be an ideal response?
The LEAST effective means for delivering an unpleasant or highly emotional message to a single employee is to
a. meet with the employee face to face. b. leave the message on the employee's voice mail. c. send a memo addressed to the specific employee. d. place a message on the company's web page.
A corporation is a legal entity created by federal law
Indicate whether the statement is true or false
Tom's dog has bitten three mail carriers, but Tom can't bear to chain him up. When the dog bites the newsboy, Tom will be strictly liable
a. True b. False Indicate whether the statement is true or false